Fowler Christian Apartments III Inc

Analysis

Fowler Christian Apartments III Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fowler Christian Apartments III Inc reported income of $315k and spending of $739k, spending 234% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $315k (+8.5%), an average of +2.1% a year. Over the whole period it spent 172% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fowler Christian Apartments III Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Culver City Rotary Plaza Inc ($315k), Girard Lutheran Housing Corporation ($315k) and Cape Cod Village Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.4m against liabilities of $589k, net assets of $2.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.